|
"A comprehensive, collaborative elections resource."
|
Service sector jumps: index of non-manufacturing activity surges to highest level since 1997
|
Parent(s) |
Issue
|
Contributor | Tony82 |
Last Edited | Tony82 Feb 05, 2004 01:43am |
Logged |
0
|
Category | News |
News Date | Wednesday, February 4, 2004 06:00:00 AM UTC0:0 |
Description | NEW YORK (CNN/Money) - Growth in the U.S. service sector accelerated in January, the nation's purchasing managers said Wednesday, beating analysts' expectations.
The Institute for Supply Management's index of non-manufacturing activity came in at 65.7, compared with a revised 58 in December. Any reading above 50 indicates growth in the sector.
It was the highest reading for the index since the ISM started keeping track of service-sector activity in July 1997. Economists, on average, expected a reading of 60, according to Briefing.com. |
Share |
|
2¢
|
|
Article | Read Full Article |
|
Date |
Category |
Headline |
Article |
Contributor |
|
|